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On March 31, Mr. R quit his job with MT Inc. and began a new job with PK Company. His salary from MT Inc. was

On March 31, Mr. R quit his job with MT Inc. and began a new job with PK Company. His salary from MT Inc. was $53,900 and his salary from PK Company was $90,000. Compute his excess payroll tax withholding credit. (Assume a social security rate of 6.2% and a wage base limit of $132,900.)

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